Accounting

| MAS2010 RM’000 | AirAsia2010RM’000 | Consolidated2010RM’000 |

Revenue | 13,960,894 | 4,896,190 | 18,855,584 |

Cost of Sales | (980,447) | (948,095) | (1,927,041.750) |

Gross Profit | 12,980,447 | 3,948,095 | 16,928,542.25 |

Operating expenses- Staff costs- Depreciation of property, plant and equipment- Aircraft fuel expenses- Maintenance overhaul, user charges and other related expenses- Aircraft operating lease expenses- Travel and tour operating expenses-Gain on unwinding of derivative - Other operating expenses | (1,224,008)(1,790,576)(3,711,180)(1,642,332)(429,004)(214,096)89,828(4,402,369) | (360,785)(519,984)(1,210,108)(476,077)(65,692)(69,634)-(192,381) | (1,584,793)(2,310,560)(4,921,288)(2,118,409(494,696)(283,730)89,828(4,594,750) |

Other losses – net | - | (22,416) | (22,416) |

Other operating income | 607,163 | 35,943 | 643,106 |

Profit/(loss) from operations | 263,873 | 1,066,961 | 1,328,834.25 |

Derivative gain/Finance income | 138,984 | 808,033 | 947,017 |

Finance costs | (138,402) | (776,138) | (914,540) |

Share of results of associated companies | 27,728 | - | 27,728 |

Share of results of jointly controlled entity | (10,147) | - | (10,147) |

Dividend Income:- From Airasia | 2,880 | | - |

Other investment | 2,862,345 | 1,044,760 | |

Profit before taxation | 3,147,261 | 2,143,616 | 5,290,877 |

Taxation:- Current taxation- Deferred taxation | (11,450)(33,240) | (5,431)(32,014) | |

| (44,690) | (37,445) | (82,135) |

Profit for the year | 237,346 | 2,106,171 | 5,208,742 |

| | | |

Net profit for the financial year | | | |

- Basic | 7.2 | 38.4 | 45.6 |

- Diluted | 7.2 | 38.3 | 45.5 |

Assumptions:

1) Malaysia Airlines (MAS) owns 80% of the share capital of AirAsia Airline. The income statement of these companies for the year ending 31 December 2010.

2) Revenue of MAS is RM13,960,894 and AirAsia RM4,896,190

3) Cost of Sales for MAS is RM980,447 and AirAsia RM948,095

4) AirAsia has...